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For your convenience, here are some frequently asked questions and their answers. For a list of Partnership Valuation Terms, please visit our Glossary.
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I have found a certificate of limited partnership interest and do not know whether the partnership still exists and have no way to contact the General Partner. What should I do?
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If the partnership was issued as an SEC registered program, we suggest going to the SEC's web site (http://www.sec.gov/cgi-bin/srch-edgar) and checking to see if the partnership is still active. If the partnership has made recent filings with the SEC, the partnership is very likely still active and you should be able to obtain the general partner's phone number and address on the first page of its most recent filing.
If the partnership is a private partnership AND appears on the list of valuations provided on our web site (click here to see the list), feel free to call us and we will be happy to provide you with the general partner's phone number.
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I need a valuation of a limited partnership interest I inherited from my father. How much will this service cost and how long will it take to receive a valuation report?
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The cost is dependent on many factors, including our firm's prior experience with the partnership to be evaluated, the complexity of the assignment, the intended use of the valuation report, and the size of the interest to be evaluated. Fees can be as low as several hundred dollars or as high as several thousand dollars. We will provide a firm fee quotation before beginning any valuation assignment. Some valuations can be delivered in a day or two, while others may take four to six weeks to complete.
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If I hire TVG to do a valuation, what information do I need to provide?
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If the partnership is registered with the SEC, we will independently obtain all partnership related financial information. If the partnership is not registered with the SEC, we will need for you to provide us with the partnership's financial statements for the last three calendar years, interim financial statements issued during the current year, and the partnership agreement.
Regardless of the engagement, you will need to provide us with the partner's legal name, the size of the interest to be evaluated (denominated in "units" or as a percentage interest), and a mailing address where the valuation report is to be sent.
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Our firm serves as custodian with responsibility for administering employee benefit accounts that contain several hundred different partnership interests. We need to obtain year-end valuations for all of the partnerships to be in compliance with IRS guidelines. Does TVG offer a cost-effective solution for large volume clients? How can we receive a fee quote?
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Institutional customers with large lists (>75 partnerships) receive discounted pricing for year-end valuations. We will compare your company's list of partnerships with lists provided by other institutional clients to which we will be providing year-end values. By providing "credit" for valuations which are "shared" between institutional clients, we are able to provide a cost-effective solution for our largest customers.
To receive a fee quote, send us your partnership list in electronic format (either on diskette or via e-mail). We will review the list and respond with a fee proposal within two weeks.
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I would like to sell my partnership interest. Does TVG buy limited partnership interests?
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Although TVG does not directly purchase limited partnership interests, the firm maintains relationships with a number of investors (principals only) to whom it can refer you to obtain a bid for your interest. This service is provided at no fee to the seller. Click here for more information regarding disposition referrals.
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